A trade group representing some of America's biggest baked goods companies is urging the Biden administration to ratchet back its biofuel ambitions, arguing that using fuel made from crops could raise the cost of donuts, bread and other foods.
, told Reuters it met with the Environmental Protection Agency last week to urge reduced blending mandates, particularly for biodiesel.The group has also met with lawmakers involved in the issue to press its case, according to its president Robb MacKie.
Nick Conger, an EPA spokesman, confirmed the agency met with the baker's trade group, but did not offer details. Around 40% of soy oil consumed in the United States goes to producing fuel, with most of the rest going into food, according to U.S. government data.The RFS, adopted in 2005 to help farmers and reduce fuel dependence, has created a nearly 20 billion gallon per year market for the U.S. Farm Belt. But oil refiners say it has also created a costly regulatory burden that threatens to bankrupt smaller refining facilities.
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